Earnix, a leading global provider of AI-based SaaS pricing and rating solutions for financial services, has partnered with Hexaware to help insurers improve their underwriting efficiency.
The collaboration is also set to enable insurers to reduce losses, enhance regulatory compliance, and maintain a competitive advantage through intelligent pricing strategies.
As the insurance industry increasingly relies on AI and machine learning to drive accurate pricing, this collaboration is expected to help insurers navigate these technological advancements.
Earnix provides cloud-based intelligent solutions that enable insurers and banks to unlock value across various facets of their businesses.
By integrating data analytics and AI, Earnix’s solutions allow insurers to create precise, real-time pricing models tailored to individual risk factors, thereby improving underwriting accuracy and customer satisfaction.
Hexaware offers a broad range of IT services and solutions, with a particular focus on the insurance industry.
The company aims to drive pricing transformation by supporting insurers, brokers, and MGAs with AI and ML-based pricing practices. These advanced tools assist in risk assessment and premium setting, enabling more accurate pricing models and underwriting.
Together, the firm’s will enable insurers to improve their pricing strategies, better manage risk, and enhance the customer experience.
This collaboration will bring together Earnix’s expertise in AI-based pricing and Hexaware’s knowledge of machine learning and IT transformation, creating a comprehensive solution for the insurance sector.
Hexaware’s global leader of insurance, Sandesh Shetti, said, “Hexaware’s expertise in AI and ML, combined with Earnix’s pricing and underwriting solutions will help our clients refine pricing strategies, improve customer satisfaction, and maintain a competitive edge.”
Ruth Fisk, head of business development at Earnix, added, “Earnix is excited to join forces with Hexaware to drive significant advancements in the insurance industry. By combining our expertise, we can offer a comprehensive suite of solutions that helps insurers optimise their pricing and risk management strategies, improve customer experience, and ultimately drive growth and profitability”
Earnix has been at the forefront of innovation in pricing and underwriting since 2001, working with clients in over 35 countries across six continents.
The company’s advanced solutions are designed to provide insurers with ultra-fast ROI and transform how they operate.
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